Jackson hole

By Ken Martin Published August 23, 2019 Stocks FOXBusiness Facebook Twitter Comments Print video New focus on Fed's next move as Trump backs off tax cuts Janney Chief Investment Strategist Mark Luschini and Pacer ETFs President Sean O'Hara on concerns over the U.S. economic outlook and whether tax cuts or Federal Reserve interest rate cuts are necessary. U.S. stocks are pointing to gains to end the week as investors wait to hear what Fed Chair Jerome Powell says in his speech to central bankers at their annual gathering in Jackson Hole, Wyoming. Continue Reading Below Dow Industrial futures are 0.3 percent higher, S&P 500 futures are up by 0.4 percent and Nasdaq futures are adding 0.5 percent. The Fed has been a topic this week with the anticipation of Powell's speech, plus the release of the minutes of the last central bank meeting in which interest rates were cut by 0.25 percent. U.S. stocks struggled Thursday after the yield … [Read more...] about Stocks poised for gains ahead of Powell’s Jackson Hole speech

LONDON (Reuters) - World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Suggesting markets remain broadly confident of further Fed easing, European stocks rebounded from the previous day’s falls, with the pan-European STOXX 600 index gaining as much as half a percent in early deals. Britain’s FTSE 100 index was up 0.64%. MSCI’s All Country World Index, which tracks shares across 47 countries, was up 0.1% and set to break a three-week losing streak. Earlier in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.3% higher and was up 1.0% for the week, on track to break a four-week losing streak. Japan’s benchmark … [Read more...] about Stocks, dollar climb before Powell’s Jackson Hole speech

Most people journey to the snowy plateaus below the Wyoming mountains for a relaxing week of fresh air. US Federal Reserve chairman Jay Powell, however, will find his visit to the north-western ski resort an altogether more stressful affair. Read more: US manufacturing sector contracts for first time since 2009, survey says Powell will take centre stage at the Jackson Hole central banking “symposium” tomorrow, a yearly event that sees the big players and pointy-heads of global monetary policy converge on a tiny Wyoming town. Since its launch in the late 1970s, the symposium has witnessed some famous moments – or, at least, famous in central banking terms. In 2005, future Indian central bank governor Raghuram Rajan presciently warned his audience that high levels of risk-taking with complicated financial products posed a threat to financial stability, only to be slapped down by ex-Treasury Secretary Larry Summers. In 2007, Fed chair Ben Bernanke laid the groundwork for … [Read more...] about Pressure on for Fed chair Powell at Jackson Hole

(Reuters) - FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s quarter-point rate cut. But given what has transpired in bond and stock markets since that meeting, the more relevant headlines should spring from the Fed’s annual Jackson Hole Symposium later in the week, with Chairman Jerome Powell to address the forum on Friday. Now that the long-awaited inversion of the two-year/10-year yield curve has actually happened, there is some question whether the Fed will lean harder on the easing side to re-steepen the curve and quash recessionary interpretations. The Fed looks boxed in. Wall Street has had a torrid few days, having lost more than 4% this month. All Treasury … [Read more...] about Take Five: Fed in a hole